IMA 12: what changed
IMA 12
Largest movements
- Receivables within one year +€79,918
up €79,918 (+29.3%), from €272,965 to €352,883
of which Trade receivables: +€79,918
- Tangible fixed assets -€60,784
down €60,784 (-16.1%), from €378,158 to €317,374
of which Plant, machinery and equipment: -€60,000
- Cash +€30,187
up €30,187 (+392%), from €7,701 to €37,888
mainly Depreciation (+€60,784) and Net result for the year (+€31,874)
- Profit (loss) carried forward +€31,874
up €31,874 (+17.9%), from -€178,052 to -€146,178
- Accrued charges and deferred income +€13,888
up €13,888 (+2,189%), from €635 to €14,522
- Other debts +€8,500
up €8,500 (+17.6%), from €48,218 to €56,718
- Gross operating margin +€5,253
up €5,253 (+5.4%), from €97,640 to €102,893
- Other operating charges -€3,574
down €3,574 (-27.3%), from €13,111 to €9,537
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €659,791 | €708,146 | +€48,354 | +7.3% |
| Fixed assets | 21/28 | €378,158 | €317,374 | -€60,784 | -16.1% |
| Tangible fixed assets | 22/27 | €378,158 | €317,374 | -€60,784 | -16.1% |
| Plant, machinery and equipment | 23 | €305,000 | €245,000 | -€60,000 | -19.7% |
| Other tangible fixed assets | 26 | €73,158 | €72,374 | -€784 | -1.1% |
| Current assets | 29/58 | €281,633 | €390,771 | +€109,138 | +38.8% |
| Amounts receivable within one year | 40/41 | €272,965 | €352,883 | +€79,918 | +29.3% |
| Trade receivables | 40 | €272,965 | €352,883 | +€79,918 | +29.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,701 | €37,888 | +€30,187 | +392% |
| Deferred charges and accrued income | 490/1 | €968 | €0 | -€968 | -100% |
| Total equity and liabilities | 10/49 | €659,791 | €708,146 | +€48,354 | +7.3% |
| Equity | 10/15 | -€159,452 | -€127,578 | +€31,874 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,052 | -€146,178 | +€31,874 | +17.9% |
| Amounts payable | 17/49 | €819,244 | €835,724 | +€16,480 | +2.0% |
| Amounts payable after more than one year | 17 | €761,500 | €761,500 | = | 0.0% |
| Financial debts | 170/4 | €761,500 | €761,500 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €57,109 | €59,702 | +€2,593 | +4.5% |
| Taxes, remuneration and social security | 45 | €8,891 | €2,984 | -€5,907 | -66.4% |
| Taxes | 450/3 | €8,891 | €2,984 | -€5,907 | -66.4% |
| Other amounts payable | 47/48 | €48,218 | €56,718 | +€8,500 | +17.6% |
| Accrued charges and deferred income | 492/3 | €635 | €14,522 | +€13,888 | +2,189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,784 | €60,784 | = | 0.0% |
| Other operating charges | 640/8 | €13,111 | €9,537 | -€3,574 | -27.3% |
| Gross operating margin | 9900 | €97,640 | €102,893 | +€5,253 | +5.4% |
| Operating profit (loss) | 9901 | €23,745 | €32,572 | +€8,827 | +37.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €913 | €698 | -€215 | -23.6% |
| Recurring financial charges | 65 | €913 | €698 | -€215 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €22,832 | €31,874 | +€9,042 | +39.6% |
| Profit (loss) for the period | 9904 | €22,832 | €31,874 | +€9,042 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,832 | €31,874 | +€9,042 | +39.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.